Problem 6-1 to 6-3

Asets Capital
Liabilities
Cash Other Assets Espina Espinosa Esteban
Profit and loss ratio 3 4 6
Balances before liquidation 2, 000 61,000 3,000 1,000 25,000 25,000
Sale of non cash asset 23,200 (61,000) (5,400) (7,200) (10,800)
Balances 25,200 3,000 (4,400) 17,800 14,200
Payment of liabilities (3,000) (3,000)
Balances 22,500 (4,400) 17,800 14,200

Additional loss to partners due to

insolvency of Espina, 4;6 (4,400) (1,760) (2,640)

Balances 22,500 16,040 11,560

Additional loss to partners due to

insolvency of Estrelita, 4;6 2,160 3,240

Balances 22,500 13,880 8,320

Final distribution (22,500) (13,880) (8,320)
Estrellita
8
9,000
(14,000)
(5,400)

(5,400)

(5,400)

(5,400)
Problem 6-4 to 6-5
Asets Capital
Other Liabilities
Cash Assets E1 E2 E3

Profit and loss ratio 3 2 1

Balances before liquidation 3,000 61,000 12,000 40,000 25,000 5,000
Sale of non cash asset 37,000 (61,000) (21,000) (14,000) (7,000)
Balances 40,000 12,000 19,000 11,000 (2,000)
Payment of liabilities (12,000) (12,000)
Balances 28,000 19,000 11,000 (2,000)
Additional loss to partners due to
insolvency of E3, 3,2 (1,200) (800) (2,000)

Balances 28,000 17,800 10,200

Final distribution (28,000) (17,800) (10,200)
Problem 6-6 to 6-7
Asets Capital
Other Liabilities
Cash Assets Esper Elor Este

Profit and loss ratio 2 2 2

444,000 84,000 40,000 40,000 280,000
Profit
72,000 24,000 24,000 24,000
Balances 516,000 84,000 64,000 64,000 304,000
Loss (516,000) (172,000) (172,000) (172,000)
Balances 84,000 (108,000) (108,000) 132,000
Additional loss to partners
due to insolvency of Esper, (108,000) (54,000) (54,000)
2,2
Balances 84,000 (162,000) 78,000
Additional investment of Elor 162,000
Balances 162,000 84,000 78,000
Payment of Liab (84,000) (84,000)
Final distribution 78,000 78,000
Problem 6-8 to 6-10
Asets Loan Capital
Other
Cash Assets Ender Escano Ender Evelo

Profit and loss ratio 4 3 3

Balances before liquidation 30,000 70,000 14,000 10,000 35,000 41,000
Sale of non cash asset 30,000 (70,000) (16,000) (12,000) (12,000)
Balances 60,000 14,000 (6,000) 23,000 29,000
Payment of loan (14,000) (14,000)
Balances 46,000 (6,000) 23,000 29,000
Additional loss to partners
due to insolvency of Escanoo, 6,000 (3,000) (3,000)
3;3
Balances 46,000 20,000 26,000
Final distribution (46,000) (20,000) (26,000)
MC6-9 MC6-10
Asets Loan Capital
Other
Cash Assets Ender Escano Ender Evelo
12,000-10000 = 2,000 /
Profit and loss ratio 4 3 3 5000 + 70000 = 75,00
Balances before
liquidation 30,000 70,000 14,000 10,000 35,000 41,000
Sale of non cash asset 25,000 (70,000) (18,000) (13,500) (13,500)
Balances 55,000 14,000 (8,000) 21,500 27,500
Payment of loan (14,000) (14,000)
Balances 41,000 (8,000) 21,500 27,500
Additional loss to partners
due to insolvency of 5,000 5,000 (1,500) (1,500)
Escanoo, 3;3
Balances 46,000 20,000 26,000
Final distribution (46,000) (20,000) (26,000)
12,000-10000 = 2,000 /.40 =
5000 + 70000 = 75,000
Problem 6-11
Asets Capital
Other Liabilities
Cash Assets Echo Egay Elma

Profit and loss ratio 6 2 2

Balances before liquidation 40,000 140,000 70,000 50,000 50,000 10,000

Sale of non cash asset 80,000 (140,000) (36,000) (12,000) (12,000)

Balances 120,000 70,000 14,000 38,000 (2,000)
Payment of Liabilities (70,000) (70,000)
Balances 50,000 14,000 38,000 (2,000)

Additional investment of Elma 2,000 2,000

Balances 52,000 14,000 38,000

Final distribution (52,000) (14,000) (38,000)
Problem 6-12
Asets Capital
Other Liabilities
Cash Assets Echo Egay Elma

Profit and loss ratio 2 2 6

Balances before
liquidation 40,000 140,000 70,000 50,000 50,000 10,000

Sale of non cash asset 80,000 (140,000) (12,000) (12,000) (36,000)

Balances 120,000 70,000 38,000 38,000 (26,000)
Payment of Liabilities (70,000) (70,000)
Balances 50,000 38,000 38,000 (26,000)

Additional loss to
partners due to (13,000) (13,000) 26,000
insolvency of Elma, 2;2

Balances 50,000 25,000 25,000

Final distribution (50,000) (25,000) (25,000)
Problem 6-13
Asets Loan Capital
Other Liabilities
Cash Assets Elmer Esmer Estrel Ellea Elmer

Profit and loss ratio 2 1 1 1

Balances before
liquidation 90,000 400,000 265,000 25,000 50,000 50,000 50,000 50,000
Sale of non cash asset 120,000 (400,000) (112,000) (56,000) (56,000) (56,000)
Balances 210,000 265,000 25,000 (62,000) (6,000) (6,000) (6,000)
Insolvent Estrel (3,000) 6,000 (1,500) (1,500)
Balances 210,000 25,000 (65,000) (7,500) (7,500)
Right of offset
Blances
Additional invstment of
deficient partner
Balances
Final distribution
 Asets Loan Capital
Liabilities
Cash Other Assets Macy Macy Percy Procy

Profit and loss ratio 4 4 2

Balances before
liquidation 300,000 1,200,000 420,000 30,000 135,000 315,000 600,000

Sale of non cash asset 742,500 (1,200,000) (183,000) (183,000) (91,500)

Balances 1,042,500 420,000 25,000 (48,000) 132,000 508,500
Insolvent Estrel 25,000
Balances 210,000 25,000 (23,000) (7,500)
Right of offset
Blances
Additional invstment of
deficient partner
Balances
Final distribution
 Asets Capital
Liabilities
Cash Other Assets Lorie Lisa
Profit and loss ratio 3 2
Balances before liquidation 150,000 1,500,000 750,000 450,000 450,000
Sale of non cash asset 1,000,000 (1,500,000) (300,000) (200,000)
Balances 1,150,000 750,000 150,000 250,000
Insolvent Estrel 30,000 (30,000)
Balances 210,000 100,000
Right of offset
Blances
Additional invstment of
deficient partner
Balances
Final distribution
 Asets Loan Capital
Liabilities
Cash Other Assets Macy Mac Dan Pan
Profit and loss ratio 3 2 5
Balances before
liquidation 300,000 1,200,000 420,000 30,000 350,000 250,000 350,000
Sale of non cash asset 742,500 (1,200,000) (183,000) (183,000) (91,500)
Balances 1,042,500 420,000 25,000 (48,000) 132,000 508,500
Insolvent Estrel
Balances 210,000 25,000 (65,000) (7,500)
Right of offset
Blances
Additional invstment of
deficient partner
Balances
Final distribution
 Asets Capital
Liabilities
Cash Other Assets PERK JERK AYK

Profit and loss ratio 3 2 5

Balances before
liquidation 300,000 1,200,000 1,050,000 750,000 1,050,000
Sale of non cash
asset 742,500 (1,200,000) (720,000) (480,000)
(1,200,000)
Balances 1,042,500 330,000 200,000 (150,000)
Insolvent Estrel (90,000) (60,000)
Balances 210,000 240,000 (7,500)
Right of offset
Blances
Additional
invstment of
deficient partner
Balances
Final distribution
 Asets Capital
Liabilities
Cash Other Assets Atero Alaya
Profit and loss ratio 3 2
Balances before
liquidation 100,000 600,000 300,000 200,000 200,000

Sale of non cash asset 225,000 (600,000) (225,000) (150,000)

Balances 1,150,000 750,000 (25,000) 50,000
Insolvent Estrel 30,000 (30,000)
Balances 210,000 100,000
Right of offset
Blances

Additional invstment
of deficient partner

Balances
Final distribution
 Asets Capital
Liabilities
Cash Other Assets PERK JERK AYK

Profit and loss ratio 3 2 5

Balances before
liquidation 300,000 1,200,000 1,050,000 750,000 1,050,000
Sale of non cash
asset 742,500 (1,200,000) (720,000) (480,000)
(1,200,000)
Balances 1,042,500 330,000 200,000 (150,000)
Insolvent Estrel (90,000) (60,000)
Balances 210,000 240,000 (7,500)